Mashiyev Family Foundation
Private foundation · Thornhill, Ontario · BN 781902341RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,937,640) as filed with the CRA.
Mashiyev Family Foundation is a private foundation based in Thornhill, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending December 31, 2024, it reported $502K in revenue and $1.9M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 81% of peers.
As a grantmaker, it reported gifts to 51 qualified donees totalling $1.9M in 2024, the largest being $916K to Moral Arc Foundation. Its filed list of directors and trustees shows 2 names.
In its own words
1) to advance religion by preaching the teachings and religious tenets doctrines and observances associated with judaism. 2) to relieve poverty by providing food clothing and other basic necessities of life to individuals or families in need. 3) to advance education by providing publicly available scholarships bursaries and other forms of financial assistance to students in need to be used for elementary secondary and post education. 4) to undertake activities ancilliary and incidental to the attainment of the above charitable purposes. 5) to receive and maintain fund or funds and to a…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $502K | $1.9M | — | — | $1.9M | -$2.8M |
| 2023 | $1.2M | $1.4M | — | — | $2M | -$1.3M |
| 2022 | $842K | $2M | $1.4M | — | $1.4M | -$1.1M |
| 2021 | $342K | $265K | $160K | — | $160K | $77K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.9M to 51 qualified donees — largest 25 shown:
- Moral Arc Foundation$916K
- Keren Hashluchim$199K
- Ohr Chaya Charitable Organization$136K
- The Tower of Light Children's Foundation Inc /la Fondation pour les Enfants Tour de Lumiere Inc.$116K
- Beth Medrash Go$82K
- Khazanski Foundation$77K
- CharityEx Foundation$34K
- Chabad Lubavitch of Downtown Toronto$27K
- Eitz Chaim Schools$24K
- Chabad Chai Center / Centre Chabad Chai$21K
- Chabad Lubavitch of Downtown Toronto$18K
- Moral Arc Foundation$16K
- Jewish Russian Speaking Community of Toronto$15K
- Amis Canadiens du Centre Medical Sheba / Canadian Friends of Sheba Medical Center$14K
- Ohr Chaya Charitable Organization$12K
- Eitz Chaim Schools$12K
- The Toronto Sephardic Kollel$12K
- Khazanski Foundation$11K
- Yeshivas Nefesh Dovid$10K
- Chabad of Newfoundland Inc.$10K
- Canadian Friends of Yeshiva Beth Hillel Bnai Brak$10K
- Centre Chabad Chabanel$6,849
- Yeshiva Torah Temimah$5,000
- Yeshivas Oholei Menachem Mendel Lubavitch$5,000
- The Canadian Friends of Ohr Somayach - Tanenbaum Centre - College of Judaic Studies$5,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Arnold Mashiyev (director); Elizabeth Mashiyev (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Mashiyev Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 781902341RR0001), or read how we compute the receipt.